Galleria 3 — Rental Market Data

Galleria 3 at 1185 Dupont Street has two active listings as of August 31, 2026, with asking rents ranging from $2,150 to $2,300 per month, an average of $2,225, and a median of $2,225. The average suite size across both listings is 529 square feet at a blended asking rate of $4.44 per square foot. Both available units are one-bedroom configurations—one standard one-bedroom and one one-bedroom-plus-den—so current inventory leans toward compact entry-level layouts rather than multi-bedroom executive suites.

The dominant active layout at Galleria 3 is the one-bedroom tier, with one listing representing 50 percent of available inventory at an average asking rent of $2,150 per month across 400 square feet and a rate of $5.38 per square foot. The remaining 50 percent is a single one-bedroom-plus-den unit asking $2,300 per month over 657 square feet at $3.50 per square foot. Both tiers are single listings, so renters face no within-building choice at either bedroom level.

Galleria 3's two active listings span a $150 spread from a minimum entry rent of $2,150 to a peak asking rent of $2,300 per month, a 7 percent range with a median of $2,225. The entry-level suite is a one-bedroom at 400 square feet priced at $5.38 per square foot, while the peak unit is a one-bedroom-plus-den at 657 square feet carrying a lower per-square-foot rate of $3.50. The dollar spread is modest, but the per-square-foot rates diverge sharply because the premium unit adds 257 square feet of den space for only $150 more in monthly rent.

At Galleria 3, the active den premium is $150 per month for an additional 257 square feet of space, equating to a marginal cost of $0.58 per square foot for the extra den area. Active parking premiums cannot be reliably isolated from the current sample due to insufficient paired data or anomalous outliers, so no verified monthly parking figure can be quoted for the two available units. Historical lease data does confirm a verified average parking add-on of $214 per month across closed transactions, but that figure should not be projected onto the current active listings without direct confirmation from the leasing office.

Galleria 3's average asking rent of $2,225 per month sits below the Dovercourt submarket asking benchmark of $2,609, yet the building's blended rate of $4.44 per square foot runs 14.1 percent above the submarket asking average of $3.89 per square foot. The nominal rent gap closes when suite size is factored in: active listings average 529 square feet versus the larger footprints typical of submarket inventory, so renters are paying a higher per-square-foot rate for a more compact footprint. Galleria 3 currently holds 2 out of 17 available listings in the Dovercourt submarket, representing roughly 12 percent of total active inventory in the area.

Galleria 3's all-time average realized lease rent of $2,389 per month sits $32 below the four-building comp benchmark of $2,421, with the spread driven by two higher-renting peers and one lower-renting peer. Galleria on the Park at 1245 Dupont Street (0.14 km) closed 2 leases at an average of $2,025 per month ($4.05 per square foot, 525 square feet), meaning Galleria 3 commands a $364-per-month higher realized rent than that building. Galleria on the Park – Galleria 02 at 10 Graphophone Grove (0.20 km) closed 16 leases averaging $2,593 per month ($3.72 per square foot, 703 square feet), placing Galleria 3's realized rent $204 per month lower. Galleria on the Park – Galleria 01 at 1285 Dupont Street (0.23 km) closed 19 leases averaging $2,646 per month ($3.60 per square foot, 758 square feet), with Galleria 3 trading $257 per month below that figure. Iron Works Lofts at 99 Chandos Avenue (0.37 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare.

Galleria 3 leases at $3.79 per square foot across an average 648 square feet, positioning it just under the Dovercourt submarket leased benchmark of $3.82 per square foot and slightly below the comp-set average of 662 square feet. Against Galleria on the Park (0.14 km), the subject trades at a $0.26-per-square-foot (6.4%) discount while providing 123 more interior square feet, so the $364-per-month higher nominal rent is driven entirely by the larger footprint rather than a higher rate per square foot. Versus Galleria on the Park – Galleria 02 (0.20 km), the subject commands a $0.07-per-square-foot (1.9%) premium yet delivers 55 fewer interior square feet, meaning the $204-per-month lower nominal rent reflects the smaller suite size rather than a weaker per-square-foot valuation. Against Galleria on the Park – Galleria 01 (0.23 km), the subject carries a $0.19-per-square-foot (5.3%) premium while providing 110 fewer interior square feet, and the $257-per-month lower rent is again a function of the reduced footprint. Iron Works Lofts (0.37 km) recorded zero lease transactions and offers no active per-square-foot or size benchmark.

Galleria 3 fields a 19-item amenity suite that spans aquatic, fitness, remote-work, and pet-lifestyle categories, placing it in the upper tier of its immediate peer set while differentiating on specific lifestyle niches. The building's Woodworking Room, Spin Studio, Dog Run, and Outdoor Children's Playground are absent from all three active Galleria on the Park competitors, giving it a distinct maker-and-outdoor-play angle that none of the nearby peers replicate. Conversely, Galleria on the Park (0.14 km) offers a Wine Cellar, Meditation Room, and Cabanas that Galleria 3 does not include, while Galleria 02 (0.20 km) and Galleria 01 (0.23 km) both provide a Media & Theatre Room and Multi-use Sports Court missing from the subject's package. The primary renter demographic best served by Galleria 3's lifestyle package is the young professional or small family seeking a full-service fitness and wellness floor (outdoor pool, sauna, yoga and spin studios) combined with dedicated pet infrastructure and a hands-on creative workshop space, without the need for a dedicated childcare centre or multi-use sports court.